IFSWF General Counsel Summit 2023

WELCOME DRINKS

12th Knot, Rooftop Bar, Sea Containers Hotel, 20 Upper Ground, South Bank, London SE1 9PD

Registration

Coffee & Light Breakfast

Role of the SWF in Disputes - Immunity from Suit/Enforcement and Class Actions

• Have sovereign immunity laws kept pace with the growth of sovereign actors, particularly where disputes are resolved by international arbitration?
• What does the future hold for sovereign immunity laws?
• How is sovereign immunity protected in contractual arrangements?
• Class actions: Participate or Not?

A: Building out the Legal and Compliance Function within an SWF 

• Role of the GC, building a team and winning the trust of internal stakeholders
• Interface with risk & compliance and investment team
• Public v private market strategies – when to build a compliance control room
• Flexing to match the SWF’s investment strategy 
• Engaging with external counsel

B: Managing the Challenges of Foreign Investment Restrictions

• A high-level overview of the global FIR environment
• Focus on one or two jurisdictions (UK and US)
• EU Foreign Subsidies Rules
• War stories of managing the FIR filing regime

Fund Investing: Deep Dive on Side Letter Terms for SWFs

• Considerations in key provisions: Use of name, sovereign immunity, co-investment rights, confidential information (FOIA), reporting, ESG, US tax etc
• Impact of SEC Proposed Regulation
• MFN: opportunities for negotiation

A: Co-Investments in Private Market Assets – Securing greater exposure to top sponsors and investment opportunities

• Structuring the transaction
• Protections, fees, governance rights etc.
• Rise of venture and early-stage investments

B: Navigating the Key Themes for Sovereign Wealth Funds in Public Markets

• Considerations in taking an investee-company public
• PIPEs and other investments in public companies
• Secondary sell-downs in listed companies
• Growth of the ESG bond market
• Changes to the Takeover Panel’s “Acting in Concert” definition for government-owned Enterprises

The Future of Cryptocurrency

• Overview of the crypto universe
• Following the collapse of FTX, what are regulators/exchanges doing?
• Taxation of digital currencies
• Crypto as an asset class – is there a path to respectability?

GALA DINNER

The Old Hall, Lincoln's Inn

Coffee and Light Breakfast

A: Active Portfolio Management in Private Funds

• Growth of continuation funds and other GP-led secondaries
• LP-led secondaries
• Tax considerations
• Executing a secondaries strategy

B: Infrastructure Masterclass

• What makes infrastructure investing different?
• Ensuring alignment of interests with management
• Investment in the energy transition
• What’s next for digital infrastructure?

When Things Go Wrong: the importance of maintaining market integrity and restoring it when the crisis hits

• Growing focus on good governance
• Learning lessons from others
• Risk mitigation